Gold Falls Over 1.1% to Test 50-Day Moving Average

The simultaneous slide across gold, silver and copper points to a broad-based move rather than a metal-specific story, with each now converging on its 50-day average after gold had already surrendered its 100-day line. That clustering of technical levels across three markets is what gives this more weight than a single-day pullback. Whether these averages hold as support — or give way in tandem — is the open question worth tracking.